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Service-enabling
Infrastructure in
New South Wales Amy Brown | Director
Infrastructure & Structured Finance Unit, NSW Treasury
18 November 2015
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NSW Overview
NSW Population:
7.5 million
+1 million people in next 10 years
Sydney Population:
4.4 million
NSW Gross State
Product:
$476.4 billion
Headquarters for 40% of Australia’s top 500
Australian corporations
CBD home to 22,000 businesses
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A year of milestones
$12.4 billion in projects reaching financial close …
North West Rail Link September 2014
$3.7 billion
WestConnex 1A December 2014
$500 million
Northern Beaches Hospital January 2015
$400 million
NorthConnex January 2015
$3.0 billion
Sydney Light Rail February 2015
$2.1 billion
WestConnex 1B June 2015
$2.7 billion
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NSW’s Targeted Investment Approach
An $88.6b capital investment program …
Poles and Wires $20 b
Public transport
$8.9 b
Water security
$1.0 b
Education
$1.0 b
Health
$1.0 b
Culture & Sport
$1.5 b
Other
$100 m
Urban roads
$2.4 b
Regional transport
$4.1 b
Transport
$38.0 b
Electricity
$7.8 b
Health
$4.5 b
Water
$4.3 b
Housing
$2.5 b
Education
$2.1 b
Other
$9.4 b
FY
2016 -
FY
2019
Tota
l N
SW
Capex
$6
8.6
b
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The NSW Capital Investment Model
Prioritisation Procurement Delivery Operation
Agency INSW Agency or
Projects NSW Agency Treasury + Agency or Projects NSW
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Procurement → Delivery + Procurement
Projects NSW
Centralised support to agencies
in procuring and delivering
projects.
Enhanced Project Assurance
Centralised assurance role for all
major projects within
Infrastructure NSW.
Project
Procurement
Toolbox
Standard
Project Deed
Industry Bid Cost Consultation
PROCUREMENT DELIVERY
0
2
4
6
8
10
Eq
uity
Eq
uity/
Oth
er
FA
s
Ban
ks
Con
tracto
rs
Op
era
tors
Leg
al
Accou
ntin
g
Oth
er
1. Deal complexity
2. Certainty
3. Experience & expertise
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Outcomes
The evolution of the PPP market in New South Wales
INPUTS OUTPUTS
PRESCRIPTIVE INNOVATION
RIGID RISK
ALLOCATION
PRAGMATIC RISK
ALLOCATION
ASSET PPPs OPERATOR/ FULL
SERVICE
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Broad investment focus: Premier’s Priorities
Creating jobs Tackling
childhood obesity
Driving public sector
diversity
Building
infrastructure
Improving
education results
Keeping our
environment clean
Reducing
domestic violence
Protecting our
kids
Faster housing
approvals
Improving service
levels in hospital
Reducing youth
homelessness
Improving
government services
A focus on social outcomes
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2015 and beyond: Emphasis on social outcomes
Roads and transport
$19 billion over the next five years in
roads, $10 billion in public transport
Education
$172 million in FY2016 for major
school projects
Health
$1.4 billion in FY2016. $5 billion over
the next four years
Culture & Sport
$1.6 billion for the Stadia Strategy
Justice
Capital expenditure in the Justice Cluster.
5 projects currently in the pipeline
Social Housing
$550 million in the coming year, coupled
with innovative funding mechanisms
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Upcoming Projects
Sydney Metro City & Southwest $9.6 billion - $11 billion
Final business case: 2016
Parramatta Light Rail $1.5 billion
Route determination and business case currently underway
Newcastle Light Rail TBC - $103 million allocated in 2015-16 budget
Market sounding process ongoing
Integrated Health Partnerships $100 million - $600 million per hospital
First tranche of opportunities expected to go to market in Q1 2016
Stadia Network $1 billion
First tranche of opportunities expected to go to market in Q1 2016
Education TBC
A strong multibillion-dollar project pipeline
Service-enabling
Infrastructure in
New South Wales Amy Brown | Director
Infrastructure & Structured Finance Unit, NSW Treasury
18 November 2015